(5 of 5)
*Such losses for tax purposes were legal but in the hue & cry last week retiring U. S. Attorney General William De Witt Mitchell (no kin) promptly launched a probe into this and other Mitchellisms.
*See footnote, col 3.
*The bank's reasoning: for six years following the 1921 collapse the price of sugar had averaged 5¢ a pound. Even at 2½¢ General Sugar Corp. would show a profit. There seemed not the faintest possibility that the price would slump to ½¢ in 1932. Though National City Co. has written down its investment to $1, it still owns the stock, still has a chance to recoup.